READ & LEARN What is an LTR: Long Term Resident Visa Thailand?
Thailand Long Term Resident Visa (LTR): A comprehensive guide for foreigners seeking long-term residency in Thailand, offering insights into eligibility, application process, and benefits.
If you’re planning to move to Thailand, but don’t know which visa to apply for, you’ve come to the right spot. Thailand, the land of smiles, is a dream destination for foreigners who seek the opportunities to happily retire or start a business in the long term. It sounds so complicated and needs much consideration when It comes to visa things. And, you don’t want your head to be spinning after googling and turning out too many visa types for foreigners to choose from. So, don’t waste your time and delve into what an LTR Long Term Resident visa is.
What is the LTR Visa in Thailand?
The Long-Term Resident (LTR) Visa is a new 10-year visa programme introduced by Thailand's Board of Investment (BOI) to attract high-potential foreigners to live and do business in the country. Based on the Cabinet's resolutions from September 14, 2021, and May 10, 2022, which approved strategies to draw in high-potential foreigners, the criteria and conditions for a special long-term resident visa (LTR Visa) have been set. The Board of Investment is responsible for defining these criteria and conditions.
When applying for an LTR visa, you get a range of tax and non-tax benefits. It enhances Thailand's charm as an appealing destination for wealthy individuals, retirees, high-profile digital nomads, and highly skilled professionals to relocate long-term. Additionally, the LTR visa programme also brings you several benefits, including exemptions from certain employment regulations, annual reporting requirements instead of every 90 days, multiple re-entries and digital work permits, among other advantages.
The goal of the LTR Visa is to bring in foreign talents, technologies and investments to boost Thailand's economic growth and development as a regional hub. After your qualification is approved, you get offers for long-term stability and other benefits. Better than that, the LTR visa covers your loved ones and families to live and work in Thailand as they’re qualified to hold the same visa as you.
Who can apply for an LTR visa?
There are four main different categories for eligible individuals, and each type has different requirements.
1. Wealthy global citizens or Investors
Wealthy individuals with assets of at least USD 1 million and combined investment in Thailand at least USD 500,000.
2. Wealthy pensioner or retired person
Retirees aged 50 or older who have a steady annual pension or stable passive income.
3. Work-from-Thailand professional or High profile digital nomad
Remote workers employed by established international companies.
4. Highly skilled professional or foreign expert
Professionals or experts in specific fields working for businesses, higher education institutions, research centres, specialised training institutions, or Thai government agencies in Thailand.
5. Spouse and dependent
Things you need to know about LTR visa
There are a few important things you need to know before applying for an LTR visa. We’ve listed the frequently questioned answers for you in this article.
Preparing paper documents by yourself without guidance can be suffering and time-consuming. Without the right guidance, it can expand the timeline of the process. However, you don’t need to worry about that anymore, True Digital LTR Visa Center is here to help you land in Thailand easily with our certified agency, approved by Thailand’s Board of Investment (BOI). We serve you both the pre-submission process and post-submission process. Click Here to learn more about how we can help you with an LTR visa.
What is the LTR Visa in Thailand?
The Long-Term Resident (LTR) Visa is a new 10-year visa programme introduced by Thailand's Board of Investment (BOI) to attract high-potential foreigners to live and do business in the country. Based on the Cabinet's resolutions from September 14, 2021, and May 10, 2022, which approved strategies to draw in high-potential foreigners, the criteria and conditions for a special long-term resident visa (LTR Visa) have been set. The Board of Investment is responsible for defining these criteria and conditions.
When applying for an LTR visa, you get a range of tax and non-tax benefits. It enhances Thailand's charm as an appealing destination for wealthy individuals, retirees, high-profile digital nomads, and highly skilled professionals to relocate long-term. Additionally, the LTR visa programme also brings you several benefits, including exemptions from certain employment regulations, annual reporting requirements instead of every 90 days, multiple re-entries and digital work permits, among other advantages.
The goal of the LTR Visa is to bring in foreign talents, technologies and investments to boost Thailand's economic growth and development as a regional hub. After your qualification is approved, you get offers for long-term stability and other benefits. Better than that, the LTR visa covers your loved ones and families to live and work in Thailand as they’re qualified to hold the same visa as you.
Who can apply for an LTR visa?
There are four main different categories for eligible individuals, and each type has different requirements.
1. Wealthy global citizens or Investors
Wealthy individuals with assets of at least USD 1 million and combined investment in Thailand at least USD 500,000.
2. Wealthy pensioner or retired person
Retirees aged 50 or older who have a steady annual pension or stable passive income.
3. Work-from-Thailand professional or High profile digital nomad
Remote workers employed by established international companies.
4. Highly skilled professional or foreign expert
Professionals or experts in specific fields working for businesses, higher education institutions, research centres, specialised training institutions, or Thai government agencies in Thailand.
5. Spouse and dependent
Things you need to know about LTR visa
There are a few important things you need to know before applying for an LTR visa. We’ve listed the frequently questioned answers for you in this article.
- How much for Thailand LTR visa ?
Ans: You can secure a 10-year LTR visa by paying a one-time application fee of THB 50,000 or around USD 1,500 per person. - What is the tax rate for LTR visas in Thailand ?
Ans: Highly skilled professionals can take advantage of a reduced personal income tax rate of 17%, which is lower than the standard rates. Other types of LTR visa holders will get tax exemption for overseas income. - How much is personal income required ?
Ans: Minimum personal income for Wealthy Global Citizens is 80,000 USD/ year in the past two years. For other LTR types, the minimum income is 40,000 USD/ year in the past two years. - Can dependents hold an LTR visa ?
Ans: Yes, dependents can hold an LTR visa as long as they’re legal dependents (birth certificate or marriage certificate). - Is it better to hire an LTR visa agency ?
Ans: Yes, it is. LTR visa agency brings expert knowledge and experience to the table, making sure your application is handled accurately and promptly. They handle all the paperwork screening and bureaucratic processes, freeing up your time and reducing stress. - What is the best LTR visa agency in Thailand ?
Ans: True Digital Park Co., Ltd. (TDPK) has been acting as a representative for over a year and has received investment promotion from the Board of Investment (BOI). They have successfully assisted more than 20 high-potential foreigners in applying for the long-term resident visa (LTR Visa). - What are the LTR visa services of True Digital Park Co., Ltd ?
Ans: 1 Screen your eligibility. 2 Review and give feedback on your documents. 3 Coordinate with BOI and Immigration Bureau directly on behalf of you. 4 LTR application submission. 5 Scheduling an appointment to collect the LTR visa stamp and accompanying the applicant on the specified date. - How much is the True Digital Park service fee ?
Ans: The main applicant is 85,000 THB EX VAT 7% (TDPK's service fee is separate from the Government fee of 50,000 THB)
Preparing paper documents by yourself without guidance can be suffering and time-consuming. Without the right guidance, it can expand the timeline of the process. However, you don’t need to worry about that anymore, True Digital LTR Visa Center is here to help you land in Thailand easily with our certified agency, approved by Thailand’s Board of Investment (BOI). We serve you both the pre-submission process and post-submission process. Click Here to learn more about how we can help you with an LTR visa.
